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Unissued 2001 Erap banknotes confirmed

In a September 2010 Manila bulletin article, the Banko Sentral ng Pilipinas (BSP) considers on disposing 4.95 million pieces of 2,000 Piso Estrada banknotes in Its Vault. Eventually, those pieces were shredded and destroyed but 50,000 pieces of which were demonetize and kept for historical, educational, numismatic purposes.

Over the years, there have been very few reports made about this note and it doesn’t offer us any photo references, but today it went online and even the banknote itself are up for grabs.

These banknotes are the so called “Erap notes” for it features former President Joseph “Erap” Estrada’s inauguration on 30 June 1998 at Barasoain Church in Bulacan. The notes were printed in 2000 and were to be circulated in 2001 the following year, but on the same year, President Estrada was removed from office.

An earlier and much larger version of it, is the 216mm x 133mm Estrada centennial commemorative note, a non-circulating legal tender note, released way back in 1998. Apart from the size, most features are basically the same. Both versions are currently being sold by BSP.

Photo courtesy: Leo Belmonte

Photo courtesy: Leo Belmonte

Photo courtesy: Leo Belmonte

Obverse :
Former President Joseph “Erap” Estrada’s inauguration on 30 June 1998 at the historic Barasoain Church in Malolos Bulacan, BSP Seal.
Reverse :
Re-enactment of the Philippine independence rites at the Aguinaldo Shrine in Kawit, Cavite, on June 12, 1998. Former President Fidel Ramos with Philippine flag in hand together with former first lady Amelita Ramos.



12 thoughts on “Unissued 2001 Erap banknotes confirmed

  1. Facebook Discussion >>

    Posted by PinoyNumNet | 1 September 2012, 7:17 PM
  2. Got mine…

    Posted by Argienetics | 11 September 2012, 4:17 PM
  3. Where can I buy this standard size version? Is BSP (both Manila HQ & SPC QC) already sell this by how much?

    Posted by Myra | 11 September 2012, 8:16 PM
  4. How much is this in BSP Manila or Quezon City? I badly want this limited unissued bank notes before its gone.

    Posted by Myra | 11 September 2012, 8:41 PM
  5. That’s great. I was surprised that the demonetized bills cost only by their face value, but why (most of) numismatic shops doubled/tripled their prices (ex: P2 ABL = P100). BSP itself is the best shop for numismatist/notaphilist like us. 🙂 By the way, the Headquarters (Manila) only sell the original (large sized) Centennial note. I don’t know if East Avenue (SPC) already sell Erap notes.

    Posted by Myra | 12 September 2012, 10:06 PM
  6. I already called the BSP Manila Cash Department. All of the items are still available except this new one.

    Posted by Myra | 13 September 2012, 6:33 PM
    • Hi Myra, I also called them earlier today and got the same response, not sure what happen with BSP-manila.
      I then tried coordinating with BSP-QC right after, told me that this note is for sale & still available at their cash department. Here’s their number >> 926-4944.

      Posted by PinoyNumNet | 14 September 2012, 1:29 PM
  7. Oh I see. Well, thank you so much for this. I’ll inform you when I already got this piece. 🙂

    Posted by Myra | 14 September 2012, 10:08 PM

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